But the golden rule of capital controls is that they primarily hurt people with hardly any capital.
The rule of capital is "unimpaired and virtually unchallenged; no social democratic party is nowadays concerned to mount a serious challenge to that rule".
The key decisions concerning our economy are negotiated and enforced in secret, and set the coordinates for the unencumbered rule of capital.
The rule of capital was suddenly open to question, from left and right, and, for a time at least, some form of socialist or Keynesian state regulation and management seems inevitable.
Moreover, Basel 3, a set of rules on capital and liquidity that aim to make banking safer, will force banks to have more long-term debt than now.
TORONTO — Giant banks, while bracing for a wave of tougher regulation in Washington, will not have to face a new set of global rules on capital and liquidity anytime soon.
"Unification meant that Germany had to play by the rules of international capital markets," said Paul Achleitner, chief financial officer of Allianz, the German insurer, during an interview before the scandal broke.
Come join us at Disrupt to find out what they have to say about that and how the rules of venture capital are changing.
The first rule of raising capital is: you do not talk about raising capital.
As regulators tinker with the rules, an understanding of capital will help reveal what's at stake.
